The Muhammadu Buhari-led Federal Government has announced an increase in the price of both single-phase and three-phase electricity meters.
The increase in meter price would commence from November 15, 2021.
The announcement was made in a circular dated November 11, 2021, issued by the Nigerian Electricity Regulatory Commission, NERC.
The circular was addressed to managing directors, all electricity distribution companies and all meter asset providers.
The circular, with reference number NERC/REG/MAP/GEN/751/2, was entitled ‘Review of the unit price of end-use meters under the Meter Asset Provider and National Mass Metering Regulations’.
According to the NERC, the price of a single-phase meter will go from the current cost of N44,896.17 to a revised price of N58,661.69.
While the price of a three-phase meter will go from the current cost of N82,855.19 to a revised rate of N109,684.36.
More details to come…